TAJGVK LONG

The stock broke its all-time high of Rs. 340 after 18 years with very good volumes and went on to rally up to 420+ levels before retracing back to 300-325 price range. The stock is consolidating at these levels and is looking good to go long with a stop loss of Rs. 270. On the weekly time frame, a Cup & Handle pattern is visible, providing us with a target of Rs. 520 in the medium to long term.

Fundamentally, the company is sitting at an all-time high in sales and net profits. The stock is available at a PE of 22, which is considerably lower than that of its peer group TAJGVK . TAJGVK